C - Citigroup - Page 420

A good time to get out, I picked some up today.

Typically a RS is not good, there have been examples in the recent past that did work, but the norm is for them to fall back.

Bottom line is, if you believe in C and the financial sector, keep trading as you always do and dont worry. Personally I think the banks are overdone here, so regardless of a RS or not, I think C has some downside.

thanks i've told my father to set a tight trailing stop, get out before the R/S troubles
 

Quote:

Originally Posted by StockJock-e 

Typically a RS is not good, there have been examples in the recent past that did work, but the norm is for them to fall back.

 

Bottom line is, if you believe in C and the financial sector, keep trading as you always do and dont worry. Personally I think the banks are overdone here, so regardless of a RS or not, I think C has some downside.

 

I guess we all knew the RS was coming and this will most likely benefit C long term.In the meantime, I believe there are regional banks that are better trades and/or investments that are less expensive and pay higher dividends. One such bank that I currently own is VLY.

Ill stick tough with my BMO

but I was very interested in buying long term options.......

Was it Goldman who did a R/S and the price went up? I think C is getting their act together and this could be a good time to buy, or after the split. However, the bus may have left by that time. The dividend should also offer some protection against shorting, although at  1 cent I don't know how much.

Quote:

Originally Posted by jh664322 

Was it Goldman who did a R/S and the price went up? I think C is getting their act together and this could be a good time to buy, or after the split. However, the bus may have left by that time. The dividend should also offer some protection against shorting, although at  1 cent I don't know how much.

 

Everyone and their mother says the r/s is a good thing (including me) that's why I would wait until afterward to buy. 

sorry if I missed this but did they disclose the date of the reverse split? if so, when? 

I believe the reverse split happens after the close on May 6th.

Why after?

im going to stay out untill after the r/s and hope for the drop.   hopefully the day before the r/s the price will drop more.

Out Of Business.....BWAAAAA HAAAAA HAAAA HAAAAAAA

Quote:

Originally Posted by canamaican 

Out Of Business.....BWAAAAA HAAAAA HAAAA HAAAAAAA

Troll. GTFO??

with tomorrow being the big day have there been any  big sell offs yet or are people buying this up.   I cant see that type of info.  thanks

Quote:

Originally Posted by jr.trader 

with tomorrow being the big day have there been any  big sell offs yet or are people buying this up.   I cant see that type of info.  thanks

If you're referring to the reverse split, it takes place May 6th after the close; so another month.

Good morning here thus far...

After ths split you will see this stock price rise and you will see a good rise as well. Watch and see.http://www.arabianbusiness.com/prince-alwaleed-backs-citigroup-s-cash-dividend-plan-392879.html

so after the 10/1 split this price is going to be in he 40's. is that right

It's 1:10 and yes,if it closes at 4.00,the stock would be 40.00.  Just think,you would be earning $.01 per share.